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"vForce" the revolution

  • #261
  • Mar 3, 2009 9:28pm Mar 3, 2009 9:28pm
Quoting forexjedi
Jidonk,

Althoug I have a few different borkers I use a IBFX demo account for all my signals as I find they are superior to most. Hope this helps.

FJ
hi, forexjedi i am using the interbankforex-metals server and found out that the signal arent the same with other servers of IBfx. may i know what server did u use to program this ?

btw, after reading the posts in this forum i know that your intentions are very genuine that is to teach traders to able to read PA together with your system signals. i believe that without the knowledge to read PA, using any profitable system will prove disastrous. i trade by reading PA and your system really complements it. keep it up !
  • #262
  • Mar 3, 2009 9:31pm Mar 3, 2009 9:31pm
Roc,

Just to be sure did I select the correct trade for review? On my charts the trade I selected showed the results I mentioned below. Also who is your broker? Is your account standard ect..

FJ

Quoting Rocroy
Not quite right. The trade would have produced (80% of 20) pips = 16 pips, if the last 20% is stopped at BE. If you let the last 20% to run to SL (it would have been round 1.2575, -28 from the entry), then the loss would have been (20% of -28) = -6 pips, so the total pips would have been +10.

R
Stacking pips since 2002
  • #263
  • Mar 3, 2009 9:36pm Mar 3, 2009 9:36pm
I personally wouldn't have taken the most recent short tagged at 1.2461.......The ws1 is sitting at 1.2452

Pivot points are something everyone should be keeping an eye on imo.
  • #264
  • Edited 9:55pm Mar 3, 2009 9:41pm | Edited 9:55pm
Todd,

Good point. When I release the advanced version of the system it will have these things involved. This basic stage of the system is to get traders used to the idea of the indicator. I plan to do a three part launch like I did with my 5min system. Also keep in mind that this trade isnt over yet. It could take some time for this trade to develope.

FJ

Quoting todd960960
I personally wouldn't have taken the most recent short tagged at 1.2461.......The ws1 is sitting at 1.2452

Pivot points are something everyone should be keeping an eye on imo.
Stacking pips since 2002
  • #265
  • Mar 3, 2009 10:21pm Mar 3, 2009 10:21pm
I used your chart. It is obvious that if trade range is 29 pips, you can not get all of it using the rules.

R

Quoting forexjedi
Roc,

Just to be sure did I select the correct trade for review? On my charts the trade I selected showed the results I mentioned below. Also who is your broker? Is your account standard ect..

FJ
  • #266
  • Edited 10:33pm Mar 3, 2009 10:22pm | Edited 10:33pm
Quoting LazyPip
Thank you very much for all the work put to develop this. It's really appreciated!
Thanks to all traders like LP who take the time to write intelligently and express your appreciation. This is like rocket fuel for my motivation.

Quoting LazyPip
...I've compared your charts to mine (I use InterbankFX standard Demo account). Still, there seems to be some slight differences in the position of the red/blue candles, which could skew the final results...
LP thanks for writing clearly about this issue. This is issue number one on my agenda. That is, why are we getting variances between the different brokers? We're even getting differences on the same broker (but perhaps different server feeds). I can see this is a much broader issue than the 5-decimal calculations which I have already resolved in the maintenance update.

We all know that different data feeds can vary by a few pips here and there. Can a few pips plus or minus make that much difference to vForce? First impression is yes it does - but why? That is what I am looking into as my top priority. RD

Note: For those who may want to duplicate exactly the MT4 platform and IBFX data feed I use for development and charting I have the instructions in this post 2078 in the Force 5 thread. In my experience the IBFX data feed is very good, superior to my own broker.
http://www.forexfactory.com/showpost...postcount=2078
  • #267
  • Mar 3, 2009 10:31pm Mar 3, 2009 10:31pm
FJ and Rob,

First of all, thanks for the great system. It has been a pleasure to work with. One question/request. Would it be possible to add a mail alert option to the indicator. I would like to keep a closer eye during work hours. Thanks again for all of the work put towards this system.

MH
  • #268
  • Mar 3, 2009 10:32pm Mar 3, 2009 10:32pm
Roc,

Ok we are on the same page. Hence you would have taken 80% at 20 pips. the rest one could have closed at BE or left it to the hit the SL (not a good idea) One should never let a good trade turn bad. This is another reason why an EA is not a good idea. Again to make it be known just because theres a TS of 50 pips one does not have to use it. A time to be using it is if your trade is a runner into profit. I hope we have this resolved if not keep posting and ill keep answering.

FJ

Quoting Rocroy
I used your chart. It is obvious that if trade range is 29 pips, you can not get all of it using the rules.

R
Stacking pips since 2002
  • #269
  • Mar 3, 2009 10:32pm Mar 3, 2009 10:32pm
Quoting robdee
Thanks to all traders like LP who take the time to write intelligently and express your appreciation. This is like rocket fuel for my motivation.



LP thanks for writing clearly about this issue. This is issue number one on my agenda. That is, why are we getting variances between the different brokers? We're even getting differences on the same broker (but perhaps different server feeds). I can see [b]this is a much broader issue than the 5-decimal calculations which I have already resolved...

The main difference between live feeds and demo feeds is that demo feeds are slightly slower than the live feeds.

Both feeds get the same ticks, but one set of ticks is slightly slower than the other. What's interesting is that the ticks do not have a timestamp on them when coming from the broker. Which is why--expecially on the lower TF charts--the bars are slightly different. This kind of lag can be the difference between a gap between bars, and a large spike. (It's significant)
  • #270
  • Mar 3, 2009 10:42pm Mar 3, 2009 10:42pm
Now that I have learned system rules (thanks billbiss), I did some papertrading. The period was from 16.2. till today, 12 trading days.

16.2. -62 pips
17.2. +56
18.2. +40
19.2. +70
20.2. -12
23.2. +55
24.2. +82
25.2. -58
26.2. -7
27.2. +38
2.3. +16
3.3. +56
total +274, average pips per day: 23

I used trailing stops, so the results should be very close to live results. Note that the test period was VERY short and that current volatility affects system's performance. If you trade the system manually, perhaps 200-300 pips per month could be expected?

R
  • #271
  • Mar 3, 2009 10:59pm Mar 3, 2009 10:59pm
Quoting Ronald Raygun
... Which is why--expecially on the lower TF charts--the bars are slightly different. This kind of lag can be the difference between a gap between bars, and a large spike. (It's significant)
RR, thanks I understand the lag on demo tic data.

We are not using individual tic data for our calculations. We are using only closed 15min candles. I can see how 1m or 5m candles could be distorted quite a lot by those lags you mention. But the 15min OHLC values we use are quite consistent, only a pip or two variance between feeds. Almost all the spikes and gaps of the lower TFs will disappear into that 15min interval summarised by OHLC.

Do you agree that the demo lag is not a significant factor in this situation?
  • #272
  • Mar 3, 2009 11:22pm Mar 3, 2009 11:22pm
I have been lurking around FF for a while but you guys gave me a reason to activate my posting privilege.

Thanks for the vForce and Force 5 systems. You got 5 ***** from me!
  • #273
  • Mar 3, 2009 11:28pm Mar 3, 2009 11:28pm
Quoting mhall
Would it be possible to add a mail alert option to the indicator. I would like to keep a closer eye during work hours. Thanks again for all of the work put towards this system.MH
MH, thanks for your feedback. Email alerts are not a high priority. However I will include this in the next version of vForceAlerts. MT4 has settings in Tools.Options.Email you'll need to become familiar with and test. Please advise what information you want included in the email messages. RD
  • #274
  • Mar 3, 2009 11:34pm Mar 3, 2009 11:34pm
Quoting sunpost
I have been lurking around FF for a while but you guys gave me a reason to activate my posting privilege. Thanks for the vForce and Force 5 systems. You got 5 ***** from me!
Thanks SunPost, welcome to the Force.
Posting is a privilege worth using well.

Keep the those rating votes rolling in folks, we're off to a good start. RD
  • #275
  • Mar 3, 2009 11:47pm Mar 3, 2009 11:47pm
The owner of this thread is Invited to come and comment on this thread.... http://www.forexfactory.com/showthread.php?t=156084
You seem to be a helpfull member of this forum who is trying to advise and guide the the less experienced on the journey to become the profitable traders they desire to be.
Atleast 1 line of wisdome is all it takes, but please remember to abide by the thread rules stated in the 1st post.
Regards,
Leon
Living the adventure in my head.
  • #276
  • Mar 3, 2009 11:54pm Mar 3, 2009 11:54pm
Would be great if RR can create an EA where once we manually place the order, the EA will manage the closing (based on the rules)...
  • #277
  • Mar 4, 2009 12:08am Mar 4, 2009 12:08am
Leon,

Thank you for the invitation it is an honor. I suspect Rob will visit also

FJ

Quoting Leonlorenzo
The owner of this thread is Invited to come and comment on this thread.... http://www.forexfactory.com/showthread.php?t=156084
You seem to be a helpfull member of this forum who is trying to advise and guide the the less experienced on the journey to become the profitable traders they desire to be.
Atleast 1 line of wisdome is all it takes, but please remember to abide by the thread rules stated in the 1st post.
Regards,
Leon
Stacking pips since 2002
  • #278
  • Mar 4, 2009 12:23am Mar 4, 2009 12:23am
Quoting forexjedi
Harold4x,

Thanks for stopping by! How are you enjoying the system?

FJ

You have done a good work.am stilll trying to get it well.what should l do?
  • #279
  • Mar 4, 2009 1:24am Mar 4, 2009 1:24am
Ez,

Please explain a little further for some help.

FJ


Quoting ezeugo
You have done a good work.am stilll trying to get it well.what should l do?
Stacking pips since 2002
  • #280
  • Mar 4, 2009 2:21am Mar 4, 2009 2:21am
Quoting robdee
Thanks SunPost, welcome to the Force.
Posting is a privilege worth using well.

Keep the those rating votes rolling in folks, we're off to a good start. RD

Please can any one tell me the about the time of the vforce.when signal is send is it for GMT?
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